All Forum Posts by: Colin Mcleod

I have taken brief look, and all the Fishers homes I have seen were at 1.5k-2k a month. 2500 sq feet homes.

Thanks Joey. If you had to take a quick guess, from what you know as a RE agent is there a market for these rentals in Noblesville? Or do you still stand by the Broadripple idea?

Wanted to start off by saying thanks Jon for a very informed post.

The general consensus seems to be that higher priced homes aren't generally as effective as cheap homes.

Why exactly is that? Is there no market for rentals at my stated price (2k)?

If there is very little lending going on, what about the people who could normally afford the 150k house but due to the economy cant get a loan?

Fishers & Carmel are easily the nicest areas in Indiana, and people want to live here because of quality of life and the "snob appeal". (Mention you live in Fishers or Carmel anywhere outside of the area and you can see a change in people good or bad).

I feel like the minority on this one so can anyone shed some light?

1. 44

2. Leave a small empire for my children.

3. Personally, I would rather pay off homes in Fishers (where I reside) and rent them all out somewhere north of 2k per month. I am open to any suggestions. My risk is based on how influenced I can be by experienced RE brokers/investors and my attorney on how to invest this properly. So risk is open ended right now.

4. I am willing to spend as much time as possible on these properties for them to work out. As involved as I can get.

Hello everyone, I was hoping some experienced investors could step up to the plate and answer my question as I know very little about real estate in general.

My question/background:

I have $1,000,000 to spend on real estate properties. I live in a suburb of Indianapolis. My question is how would you spend this hypothetical money?

Would you pay off these homes then rent them out? Would you buy an apartment complex? Would you buy commercial? Simply looking for more people to give inputs nothing more nothing less.

Thank you.